Indiana Code 36-7-14.5-22. Issuance of bonds; option to purchase leased property; legislative body approval
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Terms Used In Indiana Code 36-7-14.5-22
- bonds: means bonds, notes, or other evidence of indebtedness issued by the authority. See Indiana Code 36-7-14.5-4
- commission: refers to a redevelopment commission established under IC 36-7-14 or a military base reuse authority established under IC 36-7-30 and located outside the boundaries of a county with a consolidated city. See Indiana Code 36-7-14.5-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Statute: A law passed by a legislature.
Sec. 22. If the commission exercises its option to purchase leased property, it may, subject to the prior approval of the legislative body of the unit under IC 36-7-14-25.1, issue its bonds as authorized by statute.
As added by P.L.380-1987(ss), SEC.18. Amended by P.L.149-2014, SEC.30.